Global value chains and the design of trade agreements

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dc.contributor.authorBONDI, Arianna
dc.contributor.authorBACCINI, Leonardo
dc.contributor.authorFIORINI, Matteo
dc.contributor.authorHOEKMAN, Bernard M.
dc.contributor.authorALTOMONTE, Carlo
dc.contributor.authorCOLANTONE, Italo
dc.date.accessioned2025-05-29T09:12:18Z
dc.date.available2025-05-29T09:12:18Z
dc.date.issued2025
dc.descriptionPublished online: 11 February 2025
dc.description.abstractWe explore the role of global value chains (GVCs) in the design of preferential trade agreements (PTAs). We propose a theory that focuses on firms involved in GVC activities to identify the main actors pushing for deep trade integration. To address the critical issue of endogeneity of GVC trade flows for trade policy, our identification strategy exploits a transportation shock: the sharp increase in the maximum size of container ships, which more than quadrupled between 1995 and 2017. The key variation in our instrument hinges on the fact that only deep-water ports can accommodate these new larger ships. Armed with this instrument, we find that GVC trade increases the probability of forming deep PTAs that include provisions regulating both trade-related policies and domestic regulatory regimes. GVC trade is a driver of deep preferential trade liberalization.
dc.format.mimetypeapplication/pdf
dc.identifier.citationThe review of international organizations, 2025, OnlineFirst
dc.identifier.doi10.1007/s11558-024-09581-0
dc.identifier.issn1559-7431
dc.identifier.issn1559-744X
dc.identifier.urihttps://hdl.handle.net/1814/92756
dc.language.isoen
dc.orcid.putcode1814/80282:184986857
dc.orcid.putcode1814/78893:184986860
dc.publisherSpringer
dc.relation.ispartofThe review of international organizations
dc.relation.ispartofseries[Global Governance Programme]
dc.relation.ispartofseries[Global Economics]
dc.rightsinfo:eu-repo/semantics/embargoedAccess
dc.subjectTrade agreements
dc.subjectGlobal value chains
dc.subjectDepth
dc.subjectFlexibility
dc.subjectF13
dc.subjectF14
dc.subjectF15
dc.subjectF23
dc.subjectF51
dc.titleGlobal value chains and the design of trade agreements
dc.typeArticle
dspace.entity.typePublication
person.identifier.orcid0000-0003-2491-2672
person.identifier.orcid0000-0002-6839-7142
person.identifier.other45488
person.identifier.other44456
person.identifier.other33967
person.identifier.other36413
relation.isAuthorOfPublication78d03539-d88b-4c80-b4c1-8cf25ef28032
relation.isAuthorOfPublication2dd86b14-33dc-407f-b99e-a1e981bec5b6
relation.isAuthorOfPublication63650b52-7c02-485a-82ec-7b0e3999914f
relation.isAuthorOfPublicationaa98bfa2-ebb3-42d2-85b0-6f57785eb1aa
relation.isAuthorOfPublication.latestForDiscovery78d03539-d88b-4c80-b4c1-8cf25ef28032
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